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FINANCIAL NEWS
Egypt’s SODIC aims 10 percent grow in net profits
05 Jun 2016
(MENAFN) Sixth of Oct Development & Investment Co. (SODIC) aims a 10 percent increase in profits by the end of this year.
Moreover, recently 1,800 housing units have been sold and the whole sales for Eastown projects are estimated at USD 0.20bn.
Additionally, whole size of the allocated SODIC investment spending is almost USD 0.28bn and it is predicted to expand in the future.
Meanwhile, by 2020 it is forecasted that the project will produce more than 80 percent of the total recurring revenue.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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